ManpowerGroup Stock Rating Reaffirmed by Zacks (MAN)
ManpowerGroup (NYSE:MAN)‘s stock had its “outperform” rating reiterated by Zacks in a note issued to investors on Wednesday. They currently have a $84.00 price target on the stock. Zacks‘s price objective would suggest a potential upside of 9.66% from the company’s current price.
Zacks’ analyst wrote, “ManpowerGroup continues with its robust performance owing to improvement across all regions and effective cost management. This is evident from the company’s second quarter 2014 performance, wherein earnings beat the Zacks Consensus Estimate by 2.3% and rose 29% year over year. Moreover, in the trailing 4 quarters, the company has surpassed the Zacks Consensus Estimate by an average of 15.9%. Following healthy results, earnings estimate revisions for the company have been portraying an uptrend. ManpowerGroup is also focused on exiting lower margin businesses and venturing into high margin ones. We believe that the company’s brand value and strong worldwide network provide it with a competitive advantage and reinforce its dominant position in the market. Therefore, we reiterate our Outperform recommendation on ManpowerGroup.”
In other ManpowerGroup news, CFO Handel Michael J. Van sold 113,546 shares of the company’s stock in a transaction that occurred on Friday, July 25th. The stock was sold at an average price of $81.83, for a total value of $9,291,469.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of ManpowerGroup (NYSE:MAN) traded up 0.17% on Wednesday, hitting $76.73. The stock had a trading volume of 444,727 shares. ManpowerGroup has a one year low of $64.44 and a one year high of $87.16. The stock’s 50-day moving average is $82.36 and its 200-day moving average is $80.06. The company has a market cap of $6.131 billion and a P/E ratio of 16.50.
ManpowerGroup (NYSE:MAN) last issued its quarterly earnings data on Monday, July 21st. The company reported $1.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.02. The company had revenue of $5.30 billion for the quarter, compared to the consensus estimate of $5.30 billion. During the same quarter in the previous year, the company posted $1.05 earnings per share. The company’s revenue for the quarter was up 5.6% on a year-over-year basis. On average, analysts predict that ManpowerGroup will post $5.25 earnings per share for the current fiscal year.
A number of other firms have also recently commented on MAN. Analysts at Deutsche Bank reiterated a “buy” rating on shares of ManpowerGroup in a research note on Tuesday, July 22nd. They now have a $99.00 price target on the stock, up previously from $95.00. Separately, analysts at Credit Suisse raised their price target on shares of ManpowerGroup from $97.00 to $100.00 in a research note on Thursday, June 5th. Finally, analysts at Credit Suisse reiterated an “outperform” rating on shares of ManpowerGroup in a research note on Wednesday, June 4th. They now have a $97.00 price target on the stock, down previously from $100.00. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $91.88.
ManpowerGroup Inc, formerly Manpower Inc provides workforce solutions and services. The Company provides a comprehensive suite of high-impact workforce solutions and services for the entire business cycle, which includes recruitment and assessment, training and development, career management, outsourcing and workforce consulting.
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